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PE margins back to 2003 levels

The excellent 'ICIS Weekly Margin Report - PE' is starting to tell a very sad story about polymer margins. The chart (above) shows that the ethylene margin, in yellow, has been falling steadily since the start of the year. The same is true for the HDPE margin, in blue. And the Report notes that...

Posted to ICIS Blogs (Weblog) by Anonymous on 05-25-2008
BASF – the oil and gas company

BASF Chairman Jürgen Hambrecht sounded confident last week, following their annual results . 2007 sales were €58bn (up 10% on 2006), and income from operations was €7.3bn (up 8%). However, Q4 saw sales up just 1.6% at €14.7bn, and income actually down 3.4% at €1.6bn. The main culprit in Q4 was chemicals...

Posted to ICIS Blogs (Weblog) by Anonymous on 02-24-2008

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